sell ammunition, except that this
subclause shall not apply to a sale of ammunition by a person to a licensed
importer, licensed manufacturer, or licensed dealer; or

(II)

engage in the business of importing or
manufacturing ammunition, or in the course of such business, to ship,
transport, or receive any ammunition; or

(ii)

a licensed importer, licensed
manufacturer, or licensed dealer to transfer ammunition to a person unless the
licensed importer, licensed manufacturer, or licensed dealer has verified the
identity of the transferee by examining a valid identification document (as
defined in section 1028(d) of this title) of the transferee containing a
photograph of the transferee;

;
and

(2)

in subsection
(b)(5), by striking or armor-piercing.

(c)

Limit on
shipping and transporting of ammunition

Section 922(a)(2) of title 18, United
States Code, is amended—

(1)

in the matter
preceding subparagraph (A), by inserting , or to ship or transport any
ammunition, after any firearm; and

(2)

in subparagraph
(B), by inserting or ammunition after a
firearm.

(d)

Recordkeeping
regarding ammunition

(1)

In
general

Section 923(g) of title 18, United States Code, is
amended—

(A)

in paragraph
(1)(A)—

(i)

in
the first sentence, by inserting or ammunition after
other disposition of firearms; and

(ii)

in
the third sentence, by striking , or any licensed importer or
manufacturer of ammunition, and inserting , or any licensed
importer, manufacturer, or dealer of ammunition,; and

(B)

in paragraph (3),
by adding at the end the following:

(C)

Each licensee shall prepare a report
of multiple sales or other dispositions whenever the licensee sells or
otherwise disposes of, at one time or during any 5 consecutive business days,
more than 1,000 rounds of ammunition to an unlicensed person. The report shall
be prepared on a form specified by the Attorney General and forwarded to the
office specified thereon and to the department of State police or State law
enforcement agency of the State or local law enforcement agency of the local
jurisdiction in which the sale or other disposition took place, not later than
the close of business on the day that the multiple sale or other disposition
occurs.

.

(2)

Conforming
amendment

Section 4182(d) of the Internal Revenue Code of 1986
(relating to exemptions relating to firearms) is amended by inserting
and except as provided in paragraph (1)(A) and (3)(C) of section 923(g)
of title 18, United States Code, before no person holding a
Federal license.

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